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DP Trading Room: Upside Initiation Climax (Should We Trust It?)

On today’s DecisionPoint Trading Room episode Carl and Erin discuss Friday’s “Upside Initiation Climax” and whether it can be trusted. With market follow through tepid, they discuss the implications of this very bullish signal.

Carl reveals his sentiment of the overall market and covers Bitcoin, Gold, Interest Rates, Crude Oil and the Dollar.

As always he gives us his view of the Magnificent Seven stocks and their outlooks. One in particular shows a bearish double top.

Carl also brought a few charts for his “Grab Bag” discussion. He pointed out a nearing IT Trend Model Dark Cross Neutral Signal. He looked at Texas Instruments (TXN), Salesforce (CRM) and Motorola (MSI).

Erin walked us through sector rotation with a discussion of all of the sectors and their Price Momentum Oscillators (PMOs). See where new strength is coming in from…hint: think defensive.

Finally the pair finish the program with a look at viewers symbol requests including views of the weekly charts.

01:40 DecisionPoint Signal Tables

04:49 Market Overview

10:03 Upside Initiation Climax

12:01 Dollar, Gold, Bitcoin, etc.

16:00 Magnificent Seven

20:00 Carl’s Grab Bag (Energy sector, Texas Instruments (TXN), Salesforce (CRM) and Motorola (MSI))

30:00 Sector Rotation

36:37 Symbol Requests


Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!


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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


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Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


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